New York, NY, May 09, 2017 — Sparta Commercial Services, Inc. (Symbol: SRCO) announced today it has further expanded its Southeast geographic footprint through a lease transaction with the Dallas, North Carolina Police Department, involving the acquisition of new Dodge Charger police vehicles. The Dallas, North Carolina Police Department joins a growing list of over 20 other North and South Carolina municipal agencies that have chosen to leverage Sparta’s municipal lease program in order to meet its essential equipment needs.
Sparta’s municipal lease program has gained popularity among cities and towns around the country reflecting positive word-of-mouth between government officials and their partner-vendors alike, and a growing recognition among decision makers regarding the economic advantages of choosing to lease, as opposed to purchasing costly equipment. By leveraging Sparta’s lease program, costs can be spread over time, thereby allowing the asset to often times pay for itself while providing more flexibility to a municipality’s budgeting considerations.
Maria Stroupe, Town Manager of the Town of Dallas, NC, commented, “While researching financing options for our new police cruisers, we were told about Sparta Commercial’s municipal lease program. Sparta was responsive to our questions and addressed our needs. We were impressed with the Sparta staff that assisted us through process, as well as the overall program.”
In addition to police cars and trucks, the Sparta municipal lease program can accommodate almost any essential-use equipment. Whether it is school buses, municipal trucks, police gear, tactical vehicles, surveillance equipment, fire engines, emergency services vehicles, ambulances, and much more, Sparta can assit. For further information visit www.spartacommercial.com, or call 800-882-0778.
About Sparta Commercial Services, Inc.
Sparta Commercial Services, Inc. (http://spartacommercial.com/), through its subsidiary, iMobile Solutions, Inc., is a leader, in developing, managing, and servicing custom mobile apps for vehicle dealers from Harley-Davidson® to John Deere, automobiles and RVs, restaurants, liquor stores, clubs, and other businesses in 49 states and Canada. In addition to mobile apps, Sparta provides motor vehicle title history reports to dealers, insurance companies, credit unions, and consumers. The Company also offers vehicle and capital lease finance programs for municipalities.
iMobile Solutions, Inc. offers customizable mobile applications designed for vehicle dealers, providing for ongoing contact with their customers and communications of upcoming and ongoing promotions, special events, new and used inventory, and more, and for a wide range of other businesses and entities, offering a customized mobile app designed specifically for their purposes, at a fraction of the cost of both traditional and web marketing. iMobileApp, (http://imobileapp.com/), is a custom, fully-branded app that is an extension of a business’s e-presence. In addition, the company offers complete website design, development, hosting, support and maintenance.
The Company also provides detailed used vehicle title history reports to dealers, insurance companies, credit unions, etc., as well as to consumers. The reports are trusted by industry professionals to provide buyers accurate, timely, and thorough title history reports. The Company targets four motor vehicle markets through https://www.carvinreport.com/ (automobiles and light trucks),https://cyclechex.com/ (motorcycles), https://www.rvchecks.com/ (recreational vehicles) and http://truckchex.com/ (commercial trucks).
Sparta’s Municipal Leasing Division (http://spartamunicipal.com/) offers and administers a specialized municipal leasing program for local and state agencies. The Company is dedicated to serving jurisdictions with small and growing vehicle fleets who seek a better and more economical way to finance their essential equipment needs – from police motorcycles and cruisers, to EMS equipment and busses, to virtually any type of equipment a municipality requires. The Municipal Leasing Division also works with larger jurisdictions to provide competitive leasing facilities for specific segments of their fleet portfolio.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such statements are valid only as of today and we disclaim any obligation to update this information. Actual results may differ significantly from management’s expectations. These forward-looking statements involve risks and uncertainties that include, among others, risks related to potential future losses, competition, financing and commercial agreements and strategic alliances, seasonality, potential fluctuations in operating results and rate of growth, management of potential growth, system interruption, consumer and industry trends, limited operating history, and government regulation. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion of such information should not be regarded as a representation by the Company or any other person that the objectives and plans of the Company will be achieved. Further information regarding these and other risks is described from time to time in the Company’s filings with the SEC, which are available on its website at: http://www.sec.gov.
Contact:
Sandra L. Ahman
Corporate Secretary
Sparta Commercial Services, Inc.
sandy@spartacommercial.com
800-882-0778